These are general insurance and bonding requirements
to be utilized for service providers, contractors, and
subcontractors. Legal Services will assist in reviewing certificates
of insurance and bonds that are submitted.
The Legal or Risk Management services reserves the right to approve
or disapprove insurance coverage for any service provider,
contractor, or subcontractor due to financial instability of the
insurance company, limits, coverages, and insurance terms or
conditions, or the lack thereof.Service providers, contractors,
and subcontractors should carry the following insurance coverage:
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1. |
Workers’ Compensation (WC) and Employers’ Liability
(EL) Insurance |
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WC
EL |
– State required limits
– bodily injury by accident – $500,000 each accident
– bodily injury by disease–$500,000 policy limit
– bodily injury by disease–$500,000 each employee |
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| 2. |
Automobile Liability Insurance |
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$1,000,000 combined single limit–bodily
injury and property damage for injuries to person or persons
involved in an accident in connection with the work to be performed
for the church. If a vehicle is not involved in the scope of work
for the church, no proof of insurance is required. |
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| 3. |
Commercial General Liability |
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$2,000,000 general aggregate
$1,000,000 bodily injury/property damage–per occurrence
$2,000,000 products/completed operations–aggregate |
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| 4. |
Excess Liability above the EL,
Automobile Liability, and Commercial General Liability |
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$5,000,000 aggregate |
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| 5. |
Installation floater or builders’ risk
property policy (installation floater–renovations and builders’
risk–new buildings/structures). |
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This coverage will protect the church
buildings/structures during the renovation or new construction of
the church. Limit: amount of the contract. |
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6. |
Performance, labor, and material bond–( for contracts in excess of
$50,000) The contractor shall furnish this bond equal to 100 percent total cost of labor,
equipment, material, contractor’s supplies, overhead, and profit of
the contractor from a company authorized to do business in the state
where the work is to be performed. This bonding company will be
approved by the church. The cost of the bond will be added to the
contract amount (and included in the claim if applicable). |
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7. |
The church will be provided with a
certificate of
insurance evidencing the insurance coverage and limits as
outlined above–before the start of any work. |
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8. |
The church will be named as an additional insured on 2, 3, and 4
above. The church will be named as a loss payee on 5 above. This
will include the name of the local congregation and the World
Church. |
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